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  1. #1
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    Default CGA the most undervalued stock on earth

    Dear Sirs,

    if you can afford the time, please have deap look at china green agriculture. Currently trading with a P/E of 2
    Shareholder Assets of 242 Million US$ Market Cap of 85Million US$. I can promise you this stock is worth a discussion.

    Here ist the official presentation:
    http://www.cgagri.com/IR/cgagri/CHIN...CULTUREINC.pdf

    Here you can find Balance , Income, Cash Flow:

    http://finance.yahoo.com/q?s=CGA

  2. #2
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    Default China Green Agriculture Listed as Asia's 200 Best Under A Billion by Forbes Asia

    XI'AN, China, Aug. 27, 2013 /PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "we" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries in China, today announced that the Company has been listed in Forbes Asia's list of 200 Best Under A Billion for the year 2013. For the complete list of Asia's 200 Best Under A Billion, please visit http://www.forbes.com/asia200/list/. This is the fourth consecutive year the Company is recognized by Forbes.
    This year's 200 Best Under A Billion (the "BUB") list draws from over 15,000 publicly listed Asia-Pacific companies, each with annual revenue between US$5 million and US$1 billion. The top 200 companies were identified by Forbes editors based on their sales growth, earnings growth and return on equity in the past 12 months and over three years in the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders' equity, and a trading history of at least one year. Only 52 of the 200 repeat from last year, although a dozen others returned to the BUB from lists previous to that.
    In recognition of the achievement of these 200 "Best Under A Billion" Companies, Mr. Tao Li, Chairman & CEO of the company and Mr. Kun Ren, CFO of the company were invited to attend the award ceremony organized by Forbes Asia on October 29, 2013.
    "We are honored that Forbes Asia has recognized us as one of Asia's '200 Best under a Billion' companies, Mr. Kun Ren and I will attend the award ceremony," stated Mr. Tao Li. "We believe this accolade reflects our substantial business achievements and potential growth capability in the fertilizer industry."
    About China Green Agriculture, Inc.
    The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 134 different kinds of fertilizer products as of June 30, 2013, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 826 distributors in China as of June 30, 2013. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of June 30, 2013, Gufeng produced and sold 320 different kinds of fertilizer products, and had 201 distributors in China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.

  3. #3
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    Default Balance Sheet. Wake up call, before earning release.

    Still a P/E of 2 !!!!!!!!!!!!!!!!!!!!!!!!
    Unit: USD million To 2012-06-30 To 2011-06-30 To 2010-06-30 To 2009-06-30
    Cash and cash equivalents 71.98 65.61 62.34 17.80
    Short-term investments 0.00 0.00 0.00 0.00
    Cash and short-term investments 71.98 65.61 62.34 17.80
    Net accounts receivable 62.00 17.52 15.57 8.17
    Other receivables 0.00 0.00 0.00 0.00
    Total Receivables 62.30 18.05 15.61 8.26
    Total Inventory 28.60 23.73 11.26 7.16
    Prepaid expenses 12.21 11.49 0.22 0.10
    Total other current assets 0.00 0.00 0.04 0.28
    Total Current Assets 175.09 118.88 89.48 33.59
    Property / Plant / Equipment Total Assets 103.45 89.36 35.25 30.22
    Accumulated depreciation -23.39 -18.49 -5.63 -3.27
    Goodwill 5.08 4.96 0.00 0.00
    Intangible assets 27.62 28.51 11.59 1.07
    Long-term investments 0.00 0.00 0.00 0.00
    Other long-term assets 0.18 0.15 1.10 0.00
    Total Assets 288.03 223.37 131.79 61.62
    Accounts Payable 7.25 6.05 0.40 0.96
    Accrued expenses 2.95 1.92 0.34 0.80
    Notes payable / short-term debt 13.93 4.10 0.00 3.17
    Long Term Debt / Capital Leases 0.00 0.00 0.00 0.00
    Other Current Liabilities, Total 21.64 19.43 2.51 3.53
    Total current liabilities 45.77 31.50 3.25 8.46
    Long-term liabilities 0.00 0.00 0.00 0.00
    Capital lease obligations 0.00 0.00 0.00 0.00
    Total long-term liabilities 0.00 0.00 0.00 0.00
    Total debt 13.93 4.10 0.00 3.17
    Deferred income tax 0.00 0.00 0.00 0.00
    Minority interests 0.00 0.00 0.00 0.00
    Other Liabilities, Total 0.00 0.00 0.00 0.00
    Total liabilities 45.77 31.50 3.25 8.46
    Total redeemable preference shares 0.00 0.00 0.00 0.00
    Net non-redeemable preference shares 0.00 0.00 0.00 0.00
    Ordinary shares 0.03 0.03 0.02 0.01
    Additional Paid-In Capital 102.18 98.63 75.76 2.06
    Retained earnings (accumulated losses) 124.27 82.32 49.40 28.11
    Treasury stock - common stock 0.00 0.00 0.00 0.00
    Other Interests 15.78 10.90 3.36 22.98
    Total Equity 242.26 191.87 128.54 53.16
    Total liabilities and shareholders' equity 288.03 223.37 131.79 61.62
    Issue of shares - ordinary shares starting 0.00 0.00 0.00 0.00
    Issued ordinary shares 27.46 26.85 24.57 12.28

  4. #4
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    Default

    50% gain in this few weeks, not bad (for me). Still 50% of Bookvalue and an P/E of 3. Wake up guys.

  5. #5
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    Default cga AND nz nEWS

    A few days ago this thread hat only 250 clicks, today 1600 clicks. Has CGA got some Attention in NZ News , or
    are there known reasons for the increase ?

  6. #6
    Senior Member Dej's Avatar
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    Default

    Quote Originally Posted by Agrarinvestor View Post
    A few days ago this thread hat only 250 clicks, today 1600 clicks. Has CGA got some Attention in NZ News , or
    are there known reasons for the increase ?
    Unknown I would say, havent really seen anything on the news with this, have been interested in this stock since you first posted awhile back, but unfortunately given I use direct broking I cannot buy any

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    Default You can not buy at NYSE ?

    Quote Originally Posted by Dej View Post
    Unknown I would say, havent really seen anything on the news with this, have been interested in this stock since you first posted awhile back, but unfortunately given I use direct broking I cannot buy any
    You can not buy shares at NYSE ?

  8. #8
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    Default

    Eye watering stuff Agrarinvestor! Had a quick read out of interest - SP $18 Dec 09 - $2.70 Dec 2011 (Eeek...what was that all about?), $2.57- $5.09 range past 12 months. Did I read somewhere that the insto's only have 5% of this? Who would sell at current prices if all is so well? Lazily falls in the "too good to be true" basket for me but will read next annual report with interest. Good luck and well spotted

  9. #9
    Senior Member Dej's Avatar
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    Default

    Quote Originally Posted by Agrarinvestor View Post
    You can not buy shares at NYSE ?
    Only select companies supposedly? Been thinking of a change of platform but have yet to make the leap. Given I am more a long term value investor, monthly fees to do nothing dont seem like a good deal to me.

  10. #10
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    Default I am searching for fertilizer experts

    I am still searching for fertilizer experts who help to bring some light on CGA.
    The margines for all players in the fertilizer market are und pressure. That is no secret.
    My speculation is that CGA will do a little bit better than the average.
    With the regained confidence in CGA, we can hope for the big guys after earnings release on November 11th.
    I place my bets tomorow.
    CGA has attended Forbes best of 200 ceronomy last week. They were selected for the 4 times in a row.
    No one has archived that.
    http://finance.yahoo.com/news/china-...063100364.html

    XI'AN, China, Nov. 3, 2013 /PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "we" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries in China, today announced that the company was attending the Asia's 200 Best Under A Billion Ceremony Hold by Forbes Asia on Oct 29, 2013. For the complete list of Asia's 200 Best Under A Billion, please visit http://www.forbes.com/asia200/list/. This is the fourth consecutive year the Company is recognized by Forbes.
    This year's 200 Best Under A Billion (the "BUB") list draws from over 15,000 publicly listed Asia-Pacific companies, each with annual revenue between US$5 million and US$1 billion. Only 52 of the 200 repeat from last year, although a dozen others returned to the BUB from lists previous to that.
    In recognition of the achievement of these 200 "Best Under A Billion" Companies, the company was invited to attend the award ceremony organized by Forbes Asia on October 29, 2013, and was invited to the Economic Roundtable before the start of the award ceremony and dinner with Mr. Christopher Forbes, Vice Chairman of Forbes Media LLC and Mr. Tim Ferguson, Editor of Forbes Asia, to discuss Asia Pacific's economic outlook in 2014. Olivier Gougeon, Regional CEO, Societe Generale Private Banking (Asia Pacific); Brendan Canavan, President, Asia Pacific Region were all presenting the award ceremony to celebrate the 200 "Best Under A Billion" Companies. The listed companies are all small and midsize growth companies among Asia and Pacific region, such as GungHo Online Entertainment, Flexium Interconnect and Super Group.
    "We are honored that we are awarded the Region's Top 200 Small and Midsize Companies by Forbes Asia," stated Mr. Tao Li. "Thanks for Forbes' organization, which offers chances for the companies to communicate with each other and with worthy people on many fields. We believe this accolade reflects our substantial business achievements and potential growth capability in the fertilizer industry."

  11. #11
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    Default Results for Q1 are available

    Yesterday CGA released it's first Quarter results for 2014. The market valued CGA's shareprice 7% lower!
    Why ?
    IMO, it was the anouncement of 25 Millions in deferred Assets. Today the 10Q wasw sin and we caqn read the Explanation:

    Deferred assetDeferred asset represents amounts that the Company advanced to the distributors in their marketing efforts and developing standard stores to expand the Company’s products’ competitiveness and market shares. The amount owed to the Company to assist its distributors will be expensed over three years as long as the distributors are actively selling the Company’s products.If a distributor breaches, defaults, or terminates the agreement with the Company within the three year period, the outstanding unamortized portion of the amount owed is payable to the Company immediately. The Company’s Chairman, Mr. Li, guaranteed to the Company of amounts remaining unpaid due from distributors.

    Revenue and Earnings were great if you put in mind the decreased Prices in the fertilizer markets:
    income-cga.jpg

  12. #12
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    Default UREA prices up

    UREA prices up. Hopefuly this trend continues. It could be a good chance to beat expectations.
    http://www.sunsirs.com/uk/prodetail-89.html
    Can someone tell me how to paste the picture into this board ? I always have the problem that it is so small.

  13. #13
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    Smile Yongye a chinese competitor

    Currently their is an offer for CGA's competitor "Yongye". This going private attempt is led by Morgan Stanley. The offer values the shares of the private investors with a P/E of 2. It seems that
    this crime will be rejected. And i am hoping for a move to HSE, where chinese firms have a better valuation. If Yongye will do so, CGA will follow. If the going private is succesfull, CGA will follow,
    thats my fear.


    http://www.fool.com/investing/genera...rtchanged.aspx

    We have a high oppurtunity that CGA will be a five-bagger within a few years. I know that Kiwi Investors have a lot of knowledge regarding Agriculture. Hopefully a few of you will join this adventure,
    and help me to understand the company.
    Last edited by Agrarinvestor; 10-12-2013 at 06:26 AM.

  14. #14
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    Default CGA Breaking News

    Today we got great News. Market has reacted a little bit, but i beleave we see 30% plus until year end. I beleave this
    message is important:
    http://finance.yahoo.com/news/quarte...130500272.html

    CGA is added to the Nasdaq Golden Dragon Index. I am currently investigating what happens to the candidates that were added
    6 month ago:

    http://online.wsj.com/article/PR-CO-...1-904386.html#

  15. #15
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    Default Competition and Prices

    Mosaic Agrium Potash Corp K+S YongYE CF Industies CGA
    P/E (TTM) 10,9 9,95 12,56 7,29 3,04 8,26 2,54
    Price to Bookvalue (MRQ) 1,53 1,83 2,73 1,15 0,63 2,47 0,41
    Price to tabgible Bookvalue (MRQ) 1,77 2,97 2,75 1,62 0,59 4,1 0,49
    EPS(MRQ) vs Qtr 1 Yr ago -4,55 -7,65 22,95 -37 -35,9 23,61
    EPS -5Yr. Growth Rate -1,05 -24,18 16,82 33,65 34,21 24,94
    Margen
    Gross Margin (TTM) 27,67 25,89 41,84 44,54 60,13 45,87 36,6
    Operating Margin (TTM) 22,15 11,57 40,12 19,87 27,71 43,75 25,54
    Net Profit Margin (TTM) 18,78 8,33 28,21 12,6 23,55 27,2 20,64
    47$ 89$ 32$ 19E 6,3$ 213$ 4$

    The Table above is from November 2013. But the major points has not changed much since than. Fact is price are under pressure.
    Potash prices sharper than prices for Urea. That is very good for CGA. I beleave most competitors will have problems to earn money in Q4 2013,
    and Q1 2014.

    These are the prices for UREA and Potash:

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